project development

German renewables developer MaxSolar has secured a €410 million (US$460 million) financing facility to support 2GW of solar PV and co-located storage projects in the next five years.

Finnish energy company Ilmatar has plans to develop a 350MWp solar PV project in Grums, central Sweden and two other projects in Finland.

Finnish utility Fortum has begun development on an 80MW solar PV plant in Finland’s Virolahti municipality in the Southeast of the country bordering Russia. It will be Fortum’s first solar PV project in its home country.

Utility-scale solar PV capacity added in 2022 reached nearly 13GW in the US, a drop from the previous year as supply chain constraints, and sourcing difficulties for solar panels slowed down the pace.

Solar Module Super League (SMSL) member Canadian Solar has consolidated its global solar development and services business under its Recurrent Energy brand, which was previously limited to its North America operations.

The Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have signed two agreements for the development of renewables in the country.

Chinese state-owned energy company PowerChina has invested in a new solar PV plant with a 343MW capacity in Brazil.

Italian renewable energy group Enel Green Power has started construction of a 170MW agrivoltaics solar PV plant in Italy.

Energy company Avangrid has started the construction of two solar farms in Texas and Ohio with a combined capacity of 523.5MW.

UAE-based renewables provider Masdar has signed an agreement to develop a 70MW PV plant in the Republic of Côte d'Ivoire.